Olive Resource Capital Announces January 31, 2025 NAV of C$0.067 per Share

Rhea-AI Summary

Olive Resource Capital (TSXV: OC) has reported its unaudited Net Asset Value (NAV) of C$0.067 per share for January 31, 2025. The company's share price at month-end was C$0.025. The total NAV stands at C$7,156,958, with major holdings including Black Sheep Income Corp. (C$1.26M), Omai Gold Mines Corp. (C$676K), and Guided Therapeutics Inc. (C$466K).

The company experienced a 5.7% increase in NAVPS during January, primarily driven by strong performance in gold stocks. Notably, Omai Gold Mines, their largest resource position, saw a 48% increase in January. The company's Normal Course Issuer Bid (NCIB) expired on January 17, 2025, and in early February, 3,030,000 common shares previously held in treasury were cancelled. As of the release date, Olive has 106,144,709 common shares outstanding.

Positive

• NAV per share increased 5.7% in January
• Largest holding Omai Gold Mines up 48% in January
• Strong working capital position of C$1.57M

Negative

• Trading at significant discount to NAV (C$0.025 vs NAV of C$0.067)
• NCIB program expired without share repurchases in January

Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an updated, unaudited Net Asset Value ("NAV") per share. Management has estimated the NAV of the Company at C$0.067 per share for January 31, 2025 (Table 1). At the end of January, the Company's price per share was C$0.025.

Table 1: Olive NAV Breakdown

Name	Ticker	Value	Value per Share ($)
Black Sheep Income Corp.	Private	$1,259,361	0.012
Omai Gold Mines Corp.(1)	OMG.v	$675,565	0.006
Guided Therapeutics Inc.	Private	$466,065	0.004
Arizona Sonoran Copper Co. Inc.	ASCU	$288,840	0.003
Troilus Gold Corp.	TLG	$242,325	0.002
Working Capital(2) and Liquid Investments(3)		$1,570,407	0.015
Other Public Equity Investments		$2,026,101	0.019
Other Private Equity Investments		$498,378	0.005
Other Merchant Banking Investments		$129,915	0.001
Total		$7,156,958	0.067

1. Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer.
2. Working Capital is calculated as cash, adjusted for management's estimate for known liabilities and is subject to change with future estimates or financial reports.
3. Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security.

Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Commodity prices rebounded strongly in January as the strong seasonal period commenced. As for the equities, the performance was muted and cautious across all commodity sectors, except for gold equities which outperformed the commodity. Gold rose to all-time highs as the fear of U.S. tariffs and impediments to trade sent traders looking for safe havens outside of the U.S. dollar. Looking ahead, the period between January and May is typically seasonally strong for the commodity complex. At Olive, we remain well deployed into both the larger and the junior resource space, and have continued to reallocate capital into fewer, higher conviction names."

Derek Macpherson, Executive Chairman stated: "Olive's NAVPS, was up 5.7% in January, reflective of very strong performance in a few gold names. Our most notable performer was Omai Gold Mines, our largest resource position, which was up 48% in January. Omai's momentum has continued into February and Olive has expanded its position in the recent financing."

Normal Course Issuer Bid ("NCIB")

During the month of January, the Company did not repurchase common shares pursuant to its NCIB. The NCIB expired on January 17, 2025. During the early days of February, 2025, the Company cancelled 3,030,000 common shares previously held in treasury.

As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.

Use of Non-GAAP Financial Measures:

This press release contains references to NAV or "net asset value per share" which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in the Company's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding the Company's performance, and may assist in the evaluation of the Company's business relative to that of its peers. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP, and is not necessarily indicative of other metrics presented in accordance with GAAP. Existing NAV of the Company is not necessarily predictive of the Company's future performance or the NAV of the Company as at any future date.

About Olive Resource Capital Inc.:

Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.

For further information, please contact:

Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com or by phone at (202)677-8513. Olive's website is located at www.olive-resource.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and those risks set out in the Company's public documents filed on SEDAR. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240755

FAQ

What is Olive Resource Capital's (TSXV: OC) NAV per share as of January 31, 2025?

Olive Resource Capital's NAV per share was C$0.067 as of January 31, 2025.

How did Olive Resource Capital's NAV perform in January 2025?

Olive Resource Capital's NAV per share increased by 5.7% in January 2025, primarily driven by strong performance in gold stocks.

What was the performance of Omai Gold Mines, Olive's largest resource position, in January 2025?

Omai Gold Mines, Olive's largest resource position, increased by 48% in January 2025.

How many common shares does Olive Resource Capital have outstanding after the February 2025 cancellation?

After cancelling 3,030,000 treasury shares in February 2025, Olive Resource Capital has 106,144,709 common shares outstanding.

What is the current market price of Olive Resource Capital compared to its NAV?

As of January 31, 2025, Olive Resource Capital's market price was C$0.025 per share, compared to its NAV of C$0.067 per share.